After decades of rapid economic growth and heavy industrialization, China is currently one of the world's top energy consumers and the largest emitter of greenhouse gases. As a result, Chinese leaders have recently enacted a number of plans and directives with a specific focus on developing a cleaner energy policy and a lower carbon economy. In the 12th Five Year Plan, the Chinese government set ambitious goals in this regard, including increasing the use of clean and renewable energy sources, such as natural gas, wind, and solar. However, as China builds up its own clean energy industry, it...

This hearing will address three topics: How is China's healthcare sector impacting China's economy and stability, and U.S.-China economic relations? Are U.S. companies able to compete fairly in China's expanding market for drugs, medical devices, and healthcare services? And, what is being done to mitigate the safety risks associated with medical product shipments from China to the United States? Dr. Christopher J. Hickey from the Food and Drug Administration will address the FDA's latest efforts to improve the regulation of medical products manufactured in China. The hearing will also take a...

Today's hearing will examine recent economic, political and security developments in cross-Strait and China-North Korea relations. We'll begin by taking a look at economic and political issues in cross-Strait relations. Among other topics, the first panel will discuss the opportunities and the risks of closer cross-Strait economic integration for both Taiwan and the United States. The second panel will focus on cross-Strait military and security issues and will examine Taiwan's ability to defend against kinetic and non-kinetic military coercion by China, as well as other topics regarding the...

Despite growing bilateral cooperation between China and India, sources of tension in the relationship remain and in some cases are becoming more pronounced. In the security realm, continued occurrences of Chinese soldiers crossing into disputed areas of the China-India border and China's growing presence in the Indian Ocean are sources of friction in China-India relations. In the economic realm, India has a large trade imbalance with China, due to the distortionary effects of China's economic policy, Chinese competitiveness in export-oriented industries, and India's economic and institutional...

Between 2011 and 2013, the value of China's mergers and acquisitions (M&A) in the United States exceeded the value of U.S. M&A deals in China.1 While it is too early to call this a permanent turning point, Chinese companies are poised to deepen their presence in the United States. Despite a recent economic slowdown, China remains a dominant goods exporter and is growing at a faster clip than the rest of the world. China's central bank holds some $4 trillion in foreign exchange reserves, and Chinese companies and wealthy individuals are eager to diversify their assets overseas. Although there...

In 2006, three of the four largest Chinese banks launched IPOs. Selling off a 10.5 percent stake in its business, the Bank of China issued over 25 billion shares raising $9.7 billion, ranking eighth in U.S. IPO history. This record level was invested despite corporate documents disclosing 75 cases of fraud and over $150 million in criminal conduct charges by employees. Chinese expansion into U.S. capital markets presents both opportunities and risks for companies and investors alike. There is substantial opportunity in the twin pledges made by the Chinese leadership to improve the...

Today's hearing will examine the capabilities, scope and objectives of China's civilian and military space programs. It will also explore the research and development efforts behind these programs and the factors that have contributed to China's recent space technology advances. Finally, it will look at the economic and security implications of China's space and counterspace programs for the United States. Over the last decade, China has rapidly scaled up and improved its civilian and military space platforms, including satellites, ground infrastructure and rockets. These inherently dual-use...

Today's hearing will explore the advancement of China's offensive missile forces, both conventional and nuclear, and the implications of this modernization for the United States. Until recently, the Second Artillery's arsenal consisted of only nuclear ballistic missiles. With the development of China's conventional missile forces since the 1990s, that has changed. Initially focusing on shorter-range missiles for Taiwan contingencies, the PLA has expanded its strike options by developing longer-range missiles and developing a variety of launch platforms. The PLA's anti-ship ballistic missile,...